QXO Inc

QXO

Market cap $14.3B

Class A shares of the Alger Spectra Fund outperformed the Russell 3000 Growth Index during the second quarter of 2026. Nebius Group N.V., Astera Labs and Western Digital Corporation were among the top contributors to performance. GFL Environmental, QXO and IREN Limited were among the top detractors from performance.

A short-term focus on housing weakness has driven QXO to be undervalued if it can continue its consolidation of the building products distribution market. Strong CEO in Brad Jacobs, who has a superb track record of industry consolidation with previous ventures: United Rentals and XPO Inc., both returned >6,000% since their IPOs. I rate QXO a "Buy" at $15 or below, driven by strong EBITDA growth associated with the official closing of the TopBuild acquisition on July 1, 2026.

QXO, Inc. has completed its $17B TopBuild acquisition, creating an $18B revenue platform with nationwide reach. Despite integration risks and near-term losses, QXO trades below its acquisition price for TopBuild, presenting a compelling long-term value opportunity. Management targets $4B organic EBITDA by 2030, with a clear blueprint for procurement synergies, technology rollout, and cross-selling across its diversified portfolio.

Mar Vista's U.S. Quality strategy returned +12.71% net-of-fees in the second quarter of 2026. Top Q2 portfolio contributors were GE Aerospace, Amphenol and Taiwan Semiconductor Manufacturing; top detractors were Netflix, Intuit and QXO. Looking ahead, we believe the investment environment is becoming increasingly differentiated.

Mar Vista's U.S. Quality Premier strategy returned +10.15% net-of-fees in the second quarter of 2026. GE Aerospace, Alphabet and Taiwan Semiconductor Manufacturing were among the portfolio's top contributors for the quarter, appreciating +31.70%, + 23.25%, and + 41.57%, respectively. During the quarter, we initiated new investments in ASML Holding and exited our position in Intuit.

Investors interested in stocks from the Technology Services sector have probably already heard of NTT (NTTYY) and QXO, Inc. (QXO). But which of these two stocks is more attractive to value investors?

NYSE issues a pre-market daily advisory direct from the trading floor. NEW YORK, July 8, 2026 /PRNewswire/ -- The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor.

GREENWICH, Conn.--(BUSINESS WIRE)--QXO, Inc. (NYSE: QXO) today announced it has closed its previously disclosed acquisition of TopBuild Corp. The transaction significantly expands QXO's scale and capabilities across the building products value chain. QXO now holds leadership positions in key building product categories in North America: #1 in insulation #2 in roofing #1 in waterproofing #1 or #2 in the lumber and building materials sector, in key geographies served The company also announced th.

Expand NYSE: QXO QXO Today's Change (-3.03%) $-0.54 Current Price $17.28 Key Data Points Market Cap $13B Day's Range $16.33 - $18.60 52wk Range $14.75 - $27.61 Volume 89.9M Avg Vol 16.6M Gross Margin 16.24% QXO (QXO 3.03%), a roofing and building products distributor, closed at $17.28, down 3.03%. Merger-election results for TopBuild showed most shareholders choosing cash, and investors are watching the expected July 1 close.Trading volume reached 87.3 million shares, more than five times the three-month average of 16.3 million shares.

GREENWICH, Conn. & DAYTONA BEACH, Fla.--(BUSINESS WIRE)--QXO, Inc. (NYSE: QXO) (“QXO”) and TopBuild Corp. (NYSE: BLD) (“TopBuild”) today announced the results of TopBuild stockholders' elections regarding the form of merger consideration (the “Merger Consideration”) to be received in connection with QXO's acquisition of TopBuild (the “Transaction”). As previously disclosed, the deadline for making an election was 5:00 p.m. Eastern Time on June 29, 2026 (the “Election Deadline”). The parties exp.